Bitcoin Dominates as Crypto Market Sentiment Shifts to ‘Greed’ with Fear and Greed Index Rising to 73

As of May 14th, data from COINOTAG reveals a notable shift in the Crypto Fear and Greed Index, which has surged to 73 from 70 just a day prior. This upward movement illustrates an escalating sentiment of greed among investors, especially when compared to last week’s average of 67. The Fear Index, which spans a range of 0-100, is an essential tool for gauging trader sentiment, based on a variety of factors. These include volatility (25%), market trading volume (25%), social media sentiment (15%), market surveys (15%), Bitcoin’s dominance (10%), and Google Trends analysis (10%). Investors should closely monitor these indicators to better understand market dynamics and make informed decisions.